For many, summer means enjoying some riveting content lounging by the resort pool, on the beach or in 2020’s case, dipping your toes into your toddler’s blow up pool in the backyard. Wherever you are this summer, if you’re looking for some good relevant reads, we’ve got our “Best Of” to share with you. It’s been six months since we…
The mortgage industry has been fortunate in that we have not experienced the intense layoffs occurring in so many other industries. However, even with a healthy staff, the volume that we are seeing right now, coupled with the work from home distractions, lenders are having challenges scaling and meeting borrower needs in a timely manner. Lender mortgage pipelines are…
Mortgage servicers and subservicers are responsible for processing servicing transactions for thousands, if not millions, of loans daily. As LoanLogics VP of Loan Servicing Consulting, helping lenders navigate MERS compliance, I am already starting to see and hear firsthand how the pandemic is impacting this segment of the industry. Business continuity, portfolio management and borrower stability are at the forefront…
The pandemic is definitely driving home the importance of automation and virtualization of business process. Those with less automation or automation that is not Software-as-a-Service (SaaS) based have been left exposed. Lenders that are still on legacy systems, using manual procedures and paper-based documentation, have probably already realized they are at a deficit now. Hopefully going forward, that will motivate…
It’s hard to believe that TRID is now almost five years old. But even as memories of the industry’s massive operational and compliance readiness efforts begin to fade, TRID errors continue to plague lenders. However, while there have been challenges along the way, a lot has still gone right that we can celebrate. The industry will continue to work its…
It’s 2020 and we are back with our first post of the year. As you can see new decade, new visually appealing user interface for blogics! Thanks for your readership in 2019. We packed a lot of content into the year, particularly in the second half, as our subject matter experts were energized to share insights with our growing audience. …
